1-Concord Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. Concord Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $741510. The amount of sales taxes (to the nearest dollar) for May is

$51907.

$67053.

$48510.

$61446.

2-Bramble Corp., which has a taxable payroll of $760000, is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of stable employment experience, the companys state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Bramble Corp.?

$30400

$88920

$62320

$21280